Proof of Burn (PoB)
Revision as of 13:35, 26 April 2022 by Define (talk | contribs) (Created page with "A type of consensus algorithm that requires users to "burn" or exchange some tokens by sending them to an unspendable address, thus proving they are real and active participants in the network. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary")
A type of consensus algorithm that requires users to "burn" or exchange some tokens by sending them to an unspendable address, thus proving they are real and active participants in the network.